August 23, 2013

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Summit Center Investment Sells in Park City

Press Release

August 23, 2013

Park City — Summit Center Investment in Park City has sold. The asset consisted of six retail/office buildings totaling approximately 83,000 square feet and is the home to businesses such as EMC2, iSchool Campus and CrossFit Park City. The investment was sold to Kai’Ohu Summit, an investor based in Honolulu. This is that company’s first commercial acquisition in Utah. The transaction was brokered by Bryce Blanchard, executive vice president of Newmark Grubb ACRES.

“This investment transaction was preceded by very strong management and leasing efforts by Newmark, Sperry Equities and Mountain West Retail, which allowed us to then find the right buyer for the transaction,” Blanchard said.

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